Summer has long held the reputation for being more popular in terms of buying and selling a home, most often because it’s a more convenient time of year for families to take the time to pack up and move someplace new.
But if you have the means to control when you set out on your next adventure, have you considered buying a home during the off-season? Sure, it means having to settle in at the start of holiday events and in chillier weather, but purchasing a home in the off-season also has quite a few upsides that some home buyers overlook.
Less competition, more opportunities
Along with those purchasing a home, home sellers are often rare on the ground during the off-season. And while that may sound like a reason not to buy a house at this time, think of it this way; you have a shorter list of homes to view, and the sellers know it. So as you peruse the houses on your radar, with more time to really get a feel for the place before you sign on the dotted line, sellers are anxious to make the sale and get to where they need to be. This gives you the chance to initiate beneficial negotiations, with greater chances of being accommodated by the seller and his or her agent.
Market values and bidding
There’s something else to be said for fewer items on the market; when the seller is as limited as you are, he or she is more likely to bend on the resolve to get the same original asking price in your offer. So when it comes to negotiation and knowing the current market values – something your agent will certainly be able to help you with – you’ll be at an advantage to make a sale that’s fair to both you and the seller of the house you want to buy. Before you start looking at homes, sit down with your agent to get a decent idea of what you can expect in your new town, and then come up with a plan to use the season and the market to everyone’s benefit.
Getting to know the neighbors
When you move somewhere new over the summer, it’s not just the season for real estate; it’s also the prime time for taking a vacation! This means that while you settle into your home, it can be difficult to get your bearings in the neighborhood, as there is a constant fluctuation in who is home and who is abroad. But when you move in during the holiday season, you’re able to quickly learn who decorates as soon as possible, who likes to host the annual party, and so on. You and your neighbors will be thick as thieves in no time!
Purchasing a new house and picking up to move can be a stressful process, but sometimes it pays to wait for the right moment! With the help of experienced agencies like Intracoastal Realty, you can ease the way for you and your family to make yourselves right at home that much sooner. Contact us to get started!